Yangtze Optical Fibre And Cable is trading at $136.00 (-6.98%) after a sharp reversal from its August 17 rally as Hong Kong technology shares weakened.
- On August 18, AI stocks retreated and geopolitical concerns pressured sentiment; the 5G Communication Index fell 1.8%.
- The decline appears mainly sector-driven after recent gains, while Daiwa’s Buy initiation and strong H1 profit forecast remain supportive catalysts.